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20130106
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Search Results 0 to 28 of about 29 (some duplicates have been removed)
CNN
Jan 6, 2013 12:00pm PST
" starts right now. >>> good-bye fiscal cliff, hello, debt ceiling cliff. your elected officials ready to push america over the edge of the cliff. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. >> well, yes, you will, mr. president, and very soon. democrats and republicans are set to clash again over raising the u.s. debt ceiling. back in the old days, the u.s. had a snl where every time a bill involving money was passed, the treasury had to raise money for by issuing bonds. the debt ceiling law was given the u.s. treasury the flexibility to borrow money. it had nothing to do with spending control or debt control. it was a technicality. most functioning countries don't have any such thing because they understand that if the government spends the money. it has to pay the bills. republicans seem to think that the debt sealing is a good tool to limit how much the government spends, the current debt ceiling was hit on december 31st, but like last time, the u.s. treasury is usi
CW
Jan 5, 2013 10:00pm PST
tying the debt ceiling to spending cuts required by the fiscal cliff. >> we're crushing today's small businesses and the next generation of americans under a mountain of debt. >> reporter: they see an opening at the end of february when the debt limit now $16.4 trillion comes up as to mandatory spending cuts in the tens of billions. >> it's time to face up to the fact that our nation is in grave fiscal danger. grave fiscal danger and it has everything to do with spending. >> reporter: with income taxes raised republicans contend they now own the spending cut debate. to complicate matters they will run out of funds by the end of march. the president can tell himself he's not trading spending cuts for an increase in the debt ceiling but he probably will be. at least indirectly. major garrett, cbs news, the white house. >>> you hear the term winter wonderland tossed around a lot at this time of year. this is the 29th annual ice and snow festival in harbin, china and all of the large scale snow and ice sculptures are built out of ice block taken from the nearby river. the festival attract
FOX
Jan 6, 2013 10:00am PST
have to - on >> john: would you support the debt ceiling. >> i don't support not dealing with the program. this whole, the way this town works and the fiscal cliff deal, the only winners were washington, they got more money and the folk necessary ohio lost rev snaul business owners had money taken from them. politicians in washington win. 10 or 7 of the 10 wealthiest counties are in the dc area . mr. van hollen res one of those areas it is about time to say stop the madness and cut up the credit card and we want a solution. >> guest: a couple of points. sequester was replaced two months and not kicked down the road. >> guest: it was kicked down the road. >> guest: no, jim, you have to get the facts straight. >> guest: i have them straight. >> guest: we have 24 billion in deficit reduction. halfful it was cut and the model going forward is to continue to do balanced approach of cuts and revenue. america didn't go over the fiscal cliff. i know you voted not to go over the fiscal cliff. >> guest:ip voted not to raise taxes on anyone. the president could have stopped it you wanted additional revenue. >> guest: we needed to take a balanced approach high i
FOX News
Jan 6, 2013 7:00am PST
they have the upper hand, leverage heading into the national discussion on raising the debt ceiling. why do they feel thief -- they have that leverage? >> because they lost the last time. for all intents and purposes that he lost the fiscal cliff debate. the president got way more than republicans got out of their side of the bargain. i think republicans feel they have more leverage. also, i think they have seen polling that shows americans support spending cuts across the board especially when it comes to raising the debt ceiling as part of a larger deal. if you take a closer look at the polling, once you name individual spending cuts, voters are less inclined to support them. if you name individual programs that they would cut. generally voters support spending cuts in conjunction with the debt ceiling. >> there are polls showing republicans would have taken the blame if no fiscal cliff deal had been achieved. is there a thinking honest republicans -- amongst republicans that that will shift and if we fail to raise the debt limit we default on our loans, it's the white house and democrats would get the blame and not republicans? >> republicans hope that's the case. i don't think that's very likely. either they'll share the blame, i
ABC
Jan 6, 2013 8:00am PST
to do now faced with not only another fiscal cliff but also this debt ceiling. i mean i think that the showdown over the debt ceiling could be much, much worse than anything we've seen so far because they're just dug in. both sides are dug in. >> this does seem to be a division inside the republican party right now. you have some voices saying, you know, that phrase "the wall street journal" used shoot the hostage. you should be willing to shoot the hostage, go over in default if you have to. senator cornyn calling about a partial government shutdown and newt gingrich saying that would be crazy. that would be a losing strategy. >> that doesn't scare some people because the big loser in the conflict last august was standard & poor's. standard & poor's said we are appalled and will lower your credit rating. they did and the money flowed in. we're borrowing at 40% less not out of this. we're borrowing today at 40% less costs than before our debt was downgraded. >> but don't you -- >> default -- the question is do you have to default? pat toomey says our interest charges are $300 billi
FOX News
Jan 6, 2013 8:00am PST
be the nominee for defense secretary. congress has two months to fix the debt ceiling before the u.s. may have to default on its bills. so the president comes back from a nice vacation in hawaii, he comes back to big issues that they have to tackle. sequestration, the debt ceiling, spenning. he is enjoying his last few minutes here on the plane, taxiing and he will head back to the white house with his family. >> jamie: molly, thank you. >> can washington come up with a plan to raise the debt limit without burying the count country in more debt? we have a former spokesperson for former governor jeb bush. happy new year. justin, the president says there won't be any negotiating t. needs to be raised -- period. what do you think? >> i think it's remarkable. it's as if the election meant that president obama has been elected king. the republicans compromised on a very important principle. they didn't want to raise taxes. president obama wanted to raise taxes, they compromised. now president obama is issuing a no-compromise to the congress, to the american people -- 48% didn't rote for p
FOX Business
Jan 5, 2013 11:00pm EST
debt ceiling looming. if we were to find a solution for the debt ceiling from whether it makes democrats or republicans happy, we haveome kind of resolution on the fiscal cliff. if we were to do the debt ceiling and take care of sequestration, do you think employers will start hiing? >> the best we could do would be to come up with a credible long-term plan. gerri: credible long-term plan on catol hill and the white house. are you kidding? >> u.s. you're right. the problem here is, betwe now and the nd of february is everyone goin to say, well, here is a we need to do? are they going to agree on it? the republicans, i think, have corrected said we have done something on taxes. we raised it for everybody who works to raise taxes for those nasty rich folk. now cut spending in order to get on a gravel path to reduce he deficit. >> we enacted the grast tax cut in american history. 25 million new jobs. the american economy had confidence in president reagan. in what direction was going to be. that is what is lacking. we need to have that right now. >> you go back. you have to go back to reagan, george bush. unemployment rate at 5%. five unchanged. people would be sho
FOX News
Jan 6, 2013 11:00am PST
fiscal cliff deal. we have yet to cut one dime from the last debt ceiling agreement and now here it is time to do it again. we got to stop the madness. this is the 18-year-old kid on the credit card and they maxed out the credit card. instead of cutting it up and putting them on a budget barack obama says give us a new credit card and by the way, harry reid you don't have to pass a budget in three years. this is crazy. >> would you support this year letting the debt ceiling deadline last? >> what i won't support is not dealing with the problem. americans sent us here to deal with the problem. the way this town works this fiscal cliff deal the only winners in the fiscal cliff deal were washington. they got more money. the folks i represent in the fourth district of ohio they lost revenue, small business owners had money taken from them. washington always wins and the politicians and consultants and folks here always win. 7 of the 10 wealthiest counties in the country are in the d.c. area. mr. van hollen represents one of those. this area regular americans lose and it is about time we
FOX News
Jan 6, 2013 3:00pm PST
you support this year letting the debt ceiling deadline last? >> what i won't support is not dealing with the problem. americans sent us here to deal with the problem. the way this town works this fiscal cliff deal the only winners in the fiscal cliff deal were washington. they got more money. the folks i represent in the fourth district of ohio they lost revenue, small business owners had money taken from them. washington always wins and the politicians and consultants and folks here always win. 7 of the 10 wealthiest counties in the country are in the d.c. area. mr. van hollen represents one of those. this area regular americans lose and it is about time we said stop this madness and cut up the credit cards and we want a solution not another washington deal which helps d.c. >> a couple of joints, john. first of all, the sequester was not kicked down the road. it was replaced for two months -- >> replaced means postponed which is what washington is great at doing. >> got to get your facts straight. >> i got them straight. >> we had $24 billion in deficit reduction. not nearly enough but the idea is the model going forward is to continue to do a balanced approach of cuts and revenue. number two
FOX News
Jan 6, 2013 1:00pm PST
fix the debt ceiling problem before the u.s. may have to default on its bills. >> jamie: what kind of reaction did we hear from republicans? >> molly: republicans agreed for the push for higher taxes during the fiscal cliff battle now want to tackle spending and they see raising the debt limit as part of the spending problem. they want more bipartisan negotiations and less campaigning. >> it looks like the second term of barack obama is going to be in your face term. i'm not going to talk to you at all about the debt ceiling. we've yet to cut one dime from the debt ceiling agreement and now time to do it again. we have to stop the madness. >> molly: chris van hollen it's reckless and irresponsible not to pay bills that are due. >> jamie: thanks, molly. >> gregg: president obama signing that $9.7 billion super storm sandy aid bill into law. it increases the federal emergency management agency's borrowing. fema had warned it would run out of funds if congress didn't step in to help soon. a larger and more comprehensive aid package still in the air. john boehner voting to on it next week. >> jamie: a rare public appearance of assad addressing torn nation. for first time in six months. leland vitter has more. >> th
CW
Jan 5, 2013 9:30pm CST
for the battle or -- over the debt ceiling. >> add -- as i sad earlier this week one thing i will not compromise over is whether congress should pay the bill for a tab they have already racked up. if congress refuses to give the government the about -- ability to pay its bills on time, the consequences could be catastrophic. >> speaking for the republicans today michigan congressman davecamp faulted the president and congressional democrats for not working hard enough to incorporate meaningful spending cuts in the fiscal cliff deal. >> and the food and drug administration is proposing two sweeping rules to prevent food becoming con taminitied -- contaminated. the first rule would require companies that process food to take measures to prevent the risk of contamination. the second would require companies that harvest fruits and vegetables to prevent e. coli contamination. >>> well, time to get rid of that christmas tree. next, the city of coig has made that easy for some chicago residents. >> and it's that time of year for some brave residents. why these people are freezein' for a reas
CNN
Jan 6, 2013 3:00pm PST
? >> because i dhoint she thinks she was raped >>> the fiscal cliff, not important. the debt ceiling, not important, at least according to newt gingrich. at least they are not to him. details on why newt says it is time for washington to take a good look in the mirror. >>> 2013 is proving to be moore expensive for many americans. we will show you the top ten items that will cost you more this year. just use your maxperks card and get a case of x-9 paper for only 1-cent after maxperks rewards. find thousands of big deals now... ...at officemax. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. [ male announcer ] when diarrhea hits, kaopectate stops it fast. powerful liquid relief speed
FOX
Jan 5, 2013 10:00pm EST
washington, molly henneberg, fox news. >>> just ahead, if it's not the cliff, it's the ceiling. days after lawmakers avoid going over the fiscal cliff, they are now worried about another obstacle, the debt ceiling. >> later, how do you show your redskins pride? if you're this woman, you show it one fingernail at a time. that story and more, coming up on the news at 10:00.  . >>> president obama might choose his next secretary of defense on monday. right now, it looks like that choice is former nebraska senator chuck hagel. but the republican lawmaker won't necessarily have an easy time getting through the confirmation process. james rosen reports. >> reporter: the white house sources had cautioned that no decision had yet been made on the top pentagon spot, but two democratic sources told our ed henry that chuck hagel, former two-term gop senator from nebraska is likely to be nominated early next week. a maverick who opposed the surge in iraq and toured the mideast with then-candidate obama in 2008, hagel is assured of rough sledding in confirmation he
FOX News
Jan 6, 2013 9:00am PST
senators to vote against the fiscal cliff deal. now we are preparing for the debt ceiling. do you expect the same contentiousness and loggerheads? >> i think it will be contentious. it should be. we continue to borrow and spend. we don't cut. we are headed down the road to financial destruction, as everybody knows. we do need to pay our debts, but we don't need to keep incurring that debt. that's the argument we should make. we have to come to financial sanity and we are not there yet. i believe at theep of the day, if the president will get involved -- if he will get involved, we could do some good things, but we have to cut spending, we have some type of a grand bargain? i don't know. but we are in better shape than we were on the tax stuff. >> you said you would like to see the president get involved. let's listen to your boss talk about that? >> the single biggest threat to america's future and that's our excessive spending. i would like for the president to lead. it is a shame that we have to drag him to the table. >> and also, the president recently remarked that he does not want t
NBC
Jan 6, 2013 8:00am PST
whether congress will vote to raise the country's debt ceiling. shortly after lawmakers reached a down to the wire deal on taxes to pull the country back from the fiscal cliff earlier this week, the president tried to preempt the debt limit showdown by firing a warning shot at republicans. he reiterated that call yesterday. >> one thing i will not compromise over is whether congress should pay the tab for a bill already racked up. the congress refuses to give the united states the ability to pay its bills on time, the results for the global economy could be catastrophic. >> congress has vowed to use the upcoming votes to get more spending cuts to entitlement programs like medicare. some are threatening a government shutdown. in a moment, we'll talk to alan simpson and erskine bowles about where they see the fiscal cliff deal leaving the country. they say it falls short. but first, the man who brokered the deal with the white house on behalf of the republicans and no doubt will be a key figure in the battles ahead, the top republican in the senate, mitch mcconnell. he joins me now. leader mcconnell, happy new year. welcome back to "meet the press." >> good morning,
FOX Business
Jan 5, 2013 8:00pm EST
the president said that he isn't going to have a debate with us over the debt ceiling. he also says that he's not going to cut spending along with a debt limit hike. fiscal cliff behind us on the focus turns to spending. speaker ehr cited a new poll, showing 72% of americans agree with him. but any increase in the de limit must be accompanied by an equal amnt in spending cuts. senator john cornyn saying that if the president intends the president intends to carry through with his no negotiation threat, but a government shutdown may be the only way to find resolution. the new senate majority leader is saying that it may be necessary to partially shut down the government in order to secure the fiscal well-being of our country. the looming deadline for action has been obvious. and in every instance the white house has purposely blow up the process in a shameless attempt to score cheap political points. "the washington post" reported the top ally in the senate may not be fully on board with his approach. his imperious stance, if you will. senator harry reid repordly warned mr. obama is refusa to negotiate on the debt limit and the sequester could be a strategic blunder.
CNN
Jan 6, 2013 7:00am PST
real worry. because beyond the self-inflicted crisis of the cliff and the forthcoming debt ceiling, the united states faces a much deeper challenge. for more than a decade now, for many decades by some measures, america's growth rates have slowed. recoveries have been jobless. and median wages have declined. some combination of the information revolution and globalization has placed tough pressures on high-wage countries like the united states. these new forces of technology and globalization are accelerating and without a strategy to revive growth, long-term growth, all our problems get worse, including and especially our debt. washington's focus so far has been on raising taxes and cutting spending. it should really be on reforming and investing in the american economy. historically when the american government or the world bank or the imf advised countries that got into trouble, they usually stress that achieving fiscal stability, austerity was only a part of the solution. the key to reviving growth is structural reform to make the economy more competitive, as well as crucial in
ABC
Jan 6, 2013 6:00am PST
do battle over raising the debt ceiling, we are about to get the inside story on how the fiscal cliff negotiations went down. this morning on abc's "this week" senate minority leader mitch mcconnell is the guest. he's the republican leader who helped craft the compromise. but did they kick the can down the road? is that all they did. and what do republicans plan to do about raising the debt ceiling. don't miss "this week" with george stephanopoulos coming up at 8:00 right here on abc7. >>> fans of a popular peninsula ice rink are rallying against a plan to close it. the ice center of san mateo is slated to close on june 1st. the landlord wants to transform the location at the bridge point shopping center into more retail space. but long-time fans of the rink are petitioning the landlord for a change of heart. >>> i mean, it's where most of our skaters, they come here almost every day. their parents drop them off. they feel safe here and for most of our skaters they are sad. they aren't sure what they are going to do, what their coaches are going to do, where they will end up. >> that center has be
NBC
Jan 6, 2013 6:00am PST
fiscal cliff deal and look ahead to the fights over the debt ceiling. >> looking forward to it. thank you. once again, lester. >>> according to lance armstrong's twitter account, the former cycling champ is enjoying r and r in hawaii a day after "new york times" reported he's considering making a public admission about using performance-enhancing drugs. a confession of any kind could bring him even more trouble. >> throughout his celebrated career, champion cyclist lance armstrong vehemently denied allegations he was doping. >> have you ever, ever in the history of this race used performance-enhancing drugs. >> absolutely not. never. >> not once? >> not once. >> last fall a report led to him being stripped of his were seven tour de france titles the "new york times" quotes sources as saying armstrong told associates and anti-doping officials that he is considering publicly admitting that he used banned performance-enhancing drugs and blood transfusions during his cycling career. >> right now i think he's suffering pretty badly from i'm not competing anymore syndrome. and he really wan
CNN
Jan 6, 2013 1:00pm PST
can believe they can do that through the debt ceiling. as we said that is a problematic lever. in an odd way, something very rare happened with this fiscal cliff deal t reduced the leverage of either side, the republicans or the democrats to move forward, i think, on the side of the debt crisis irk debt challenge that they think is necessary. >> yeah, i agree. ron brownstein, as always, we appreciate the insight. thanks. >> thank you. >>> well, when north dame tykes the field for tomorrow's bcs national championship, there will be one very famous former player in the crowd. i got a chance to talk with the man who inspired the movie, "rudy." officemax can help you drive supply costs... down... ...and down. just use your maxperks card and get a case of x-9 paper for only 1-cent after maxperks rewards. find thousands of big deals now... ...at officemax. >>> danny "rudy" rudiger became a household name after the the 1993 movie "rudy," tells the story of a working-class kid's struggle to get into notre dame and to make history. i spoke to him about tomorrow's championship between notre dame and alabama and his recent encounter with a very special family
MSNBC
Jan 6, 2013 11:00am PST
louisville, the president saying this week, the next test will come with the debt ceiling debate. let's hope mcconnell compromises and giving in while getting nothing in return. however, if his fiscal cliff negotiations are any indication, we'll most likely see him wave the white flag again. what's your reaction, senator? >> well, the election will take care of itself in 2014. the question is, what will we do now? we know that everybody's taxes were going up a couple of days ago. what we did was prevent tax increases on 99% of the american public. nobody in the senate, not the 90% of senate republicans who voted for this, voted to raise anybody's taxes. and the arbiter of whether something is a tax increase or not is americans for tax reform. the head of americans for tax reform said it was not a tax increase. and had he been a senator, he would have voted for it. look, this was not a tax increase. it was not the kind of complete deal we'd like, because we want to cut spending. but we did stabilize taxes. the tax issue is behind us. and now we move forward to see if we can get a reluctant president to do something about reducing our excessive spending. >> what do you say about all the division within
ABC
Jan 6, 2013 5:00am PST
congress prepare to do battle over raising the debt ceiling, we are about to get the inside story on how the fiscal cliff negotiations went down. this morning on abc's "this week" mitch mcconnell is the guest. he's the republican leader who ripped craft the compromise. but did they just kick the can down the road and what to do the republicans plan to do about raising the debt ceiling? don't miss "this week" with george stephanopoulos coming up at 8:00 right here on abc7. >>> this morning lance armstrong's attorney is denying report the former cyclist is planning to admit to doping charges. the new york times reported that armstrong is considering a public admission. he has denied doping, as you know, for more than a decade. in a follow-up story the times said the u.s. doping agency could use armstrong's admission to go after other cyclists suspected of using perform answer enhancing drugs. speaking to former teammates, they said armstrong's testimony could provide the agency with much-needed insider info on how athletes are obtaining and using the drugs. >>> fans of a popular peninsula ice rink are rallying against
MSNBC
Jan 6, 2013 12:00pm PST
negotiate but don't call it a debt ceiling negotiation. we'll just call it a sequester negotiation. i think that is a difference without a distinction. i think what the president demonstrated in the end of the fiscal cliff negotiation and a couple of previous negotiations is he is a guy who wants a deal even when he is holding all the cards as he was in the fiscal cliff negotiation. he is not a guy who wants to tempt fate. he doesn't like chaos. he wants to get a deal. he wants both sides leaving the table thinking they got something. he wants to prove that washington can work. when you put yourself there it is difficult to draw a line in the sand and expect the other guys to think you won't back off of it. >> there was a closed door house republican conference friday. what do we know about what the newly reelected house speaker john boehner said to the troops? >> he said exactly what the president doesn't want him to say, they need spending cuts to raise the debt ceiling and they don't believe that the president is a willing partner in negotiating. john boehner is going to turn his attention towards the house and the senate. what his advisers are telling me is that he is going to pass products out of the house and
CNN
Jan 6, 2013 2:00pm PST
there is of course, plenty of overhang here, since we still have spending cuts and a debt ceiling to come to grips with. this is what investors are thinking about now or are they over it already? >> well, investors know that the fun and games in congress have only just begun. as they think about it they think it's one down and three to go. there's the debt joeling coming up in early february which is is a very, very dangerous game to be playing, playing with the full faith and credit to the u.s. and could do significant damage to the economy. if we survive that one, we move to the sequestration you can the sequestration is basically budget cuts, 9.4% of defense spending, 8.2% of defense spending would be cut, a big impact on the economy that could change and hopefully, a more balanced perspective on that with finally, we get through that to the continuing resolution, which is basically the bunnell that's would come in place. if we get all through that, investors going to be very happy you the uncertainty will be over around we will be able to get glowing our economy. >> we have a lon
NBC
Jan 6, 2013 7:00am PST
federal debt ceiling. he said he will not compromise on this issue. >> the congress refuses to give the united states the ability to pay its bills on time. the consequences to the global economy could be catastrophic. the last time congress threatened this course of action our entire economy suffered for it. our families and businesses cannot afford that dangerous game again. >> president obama also says he's looking forward to working with new congress to continue to boost the economy and shrink federal deficits. >>> president obama's 2008 election campaign was fined by the federal elections commission and it's one of the largest fines ever levied. the s.e.c. fined the campaign $375,000 for failing to report the identities of donors who contributed $2 million in the final weeks before the election. the fines followed an s.e.c. audit after complaints by the republican national committee and other groups. >>> we've got lots more ahead for you on "today in the bay." coming up, it's one of the island's newest treasures. the one major problem that's threatening this treasure island statue.
PBS
Jan 5, 2013 4:00pm PST
, as the government reaches its debt ceiling and can't borrow any more money. president obama wants to lift that ceiling. the republicans don't. and it appears we're heading for another "thelma and louise" ride to the edge. remember -- they went over. we'll discuss that possibility next week with paul krugman, the nobel laureate in economics and "new york times" columnist whose bestselling book, "end this depression now!" calls for full employment as an alternative to austerity. read it, then send us the question you would like me to put to paul krugman. meanwhile, another reality beckons and there's a menace more threatening than the fiscal cliff ever was. what should really be scaring the daylights out of us -- the crisis which could make all the others irrelevant -- is global warming. get this one wrong and it's over -- not just for the usa, but for planet earth. that's the message delivered by hurricane sandy, and by almost all the extreme weather of the past two years. and here in the first month of the new year, it's the message from the most informed scientists in the world.
FOX News
Jan 6, 2013 3:00am PST
the end of february shall the debt ceiling battle has to take place, the beginning of march, sequester kicks in end of march and we're going to be talk as you saw with chris van holland and newly minted senator ted cruise. he's one of the people who has to vote up or down on hagel and find out what he nis about him. and his prescriptions for fixing the republican party. should the republican party trend more to moderate, a demographic shift or should conservatives retrench and stick to party ideals and we'll find out what cruz thinks the republican party stands for. >> alisyn: john, you only have an hour, i don't know how you're going to do that on a fox news sunday. >> the same way you folks do it, alisyn, talk quickly. >> clayton: kill the commercial breaks. >> alisyn: i like that. >> clayton: and by the way, go ahead, tucker, great job, good to see you on the show this morning. >> tucker: thanks, john, appreciate that. >> thanks. >> alisyn: we'll be watching. >> clayton: coming up he pointed his finger his a gun and got a six-year-old tossed out of class. the school overr
Search Results 0 to 28 of about 29 (some duplicates have been removed)